KYC & CDD

PEPs & Sanctions

Crypto Firms and Sanctions: Five Tools for Compliance

By Manesh Samtani | 12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Anti-Money Laundering

Singapore Court Upholds Convictions of Russian, Singapore Nationals

By Editors | 08/04/2022

The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.

Conduct, Culture & Accountability

Taiwan FSC Directs FIs to Protect Elderly Consumers

By Darien Choong | 08/04/2022

FIs have been selling unsuitable products to elderly customers without conducting a proper risk assessment and sometimes categorising them as professional investors.

KYC & CDD

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

By Darien Choong | 04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

Anti-Money Laundering

The Future of AML Auditing is Increasingly Digital

By Claus Christensen | 03/04/2022

A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.

Payments & Settlements

SAFE to Relax Threshold for Declaring Foreign Receipts, Payments

By Editors | 31/03/2022

SAFE proposes to increase the dollar threshold over which Chinese residents have to make declarations of their foreign receipts and payments.

Anti-Money Laundering

Australia a ‘Laggard on the World Stage’, Senate AML Inquiry Finds

By Manesh Samtani | 31/03/2022

Senate committee warns that the government’s failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.

KYC & CDD

AML / KYC – Using OSINT for Enhanced Customer Due Diligence

By Guy Reeve | 31/03/2022

There are a wide range of ‘regulated entities’, including banking, superannuation, insurance, financial services providers such as lenders, international funds […]

Fraud, Scams & Cybercrime

Singapore Police, Banks Step Up Scam Intervention Efforts

By Editors | 31/03/2022

In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.